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Business, 08.10.2019 17:10 trent1002brown

Moose industries faces the following tax schedule: taxable income tax on base of bracket percentage on excess above base up to $50,000 $0 15% $50,000-$75,000 7,500 25 $75,000-$100,000 13,750 34 $100,000-$335,000 22,250 39 $335,000-$10,000,000 113,900 34 $10,000,000-$15,000,000 3,400,000 35 $15,000,000-$18,333,333 5,150,000 38 over $18,333,333 6,416,667 35 last year the company realized $9,000,000 in operating income (ebit). its annual interest expense is $1,500,000. what was the company's net income for the year?

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